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NinjaOne Raises $500M in Series C Funding, Achieving Impressive $5B Valuation
NinjaOne has raised $500 million in Series C funding, boosting its valuation to $5 billion. Led by ICONIQ Growth and CapitalG, the investment will enhance autonomous endpoint management, automated patching, and vulnerability remediation. The company plans to strengthen customer support and acquire Dropsuite for $262 million. With over 24,000 customers globally, including brands like Nvidia and Porsche, NinjaOne offers a cloud-native platform that automates patch management and reduces operational costs. Co-founders Sal Sferlazza and Chris Matarese continue to lead the company, focusing on innovation and customer value amid industry growth.
Vault Partners with Diligent in Strategic Acquisition to Enhance Global GRC Solutions
Diligent, a leader in AI-driven Governance, Risk, and Compliance (GRC) SaaS solutions, has acquired Vault, a company known for its AI-powered ethics and compliance tools. This acquisition aims to integrate Vault’s “Speak Up” platform into Diligent’s GRC suite, enhancing organizational transparency and integrity. While financial details were not disclosed, this move marks a significant expansion of Diligent’s capabilities, which already serve thousands globally. Vault’s technology allows employees to report concerns confidentially and equips employers with investigative tools. Diligent’s General Manager emphasized the commitment to leveraging AI for improved ethical practices in companies.
ZestyAI Joins Forces with Colorado FAIR Plan to Revolutionize Wildfire Insurance Access
ZestyAI has partnered with the Colorado FAIR Plan to improve insurance access for homeowners facing challenges from wildfire and climate risks. Utilizing advanced AI-driven risk models like Z-FIRE™, Z-HAIL™, and Z-WIND™, the collaboration offers detailed property assessments that enhance risk-based pricing and provide effective mitigation strategies. This initiative aims to support nearly 30,000 families by offering insurance solutions that reflect actual property risks rather than broad classifications. Backed by regulatory support, the partnership promises fairer pricing and encourages homeowners to invest in risk mitigation, ultimately aiming for stability in Colorado’s insurance market.
Button Finance Secures $5M Series A to Revolutionize AI-Driven Mortgage Solutions in FinTech
Button Finance, a New York-based FinTech company, has raised $5 million in a Series A funding round to enhance its home equity lending platform. Founded in 2019, the company leverages AI to provide homeowners with quick access to home equity, often within five days, targeting those underserved by traditional lenders. The funding was led by Hildene Capital Management, with participation from undisclosed existing investors. Button Finance plans to use the capital to improve technology, introduce new products, and expand distribution by 2025. CEO Jason Harris emphasized sustainable growth, while industry leaders recognized the company’s role in democratizing home equity access.
Visa and Extend Revolutionize B2B Payments with Strategic New Referral Agreement
Extend, a leading platform for virtual cards and spend management, has partnered with Visa to enhance B2B payment solutions for middle-market businesses. This collaboration aims to empower these companies by providing advanced virtual card technology, improving financial transaction control, and automating processes like vendor payments and expense reconciliation. As global virtual card spending is projected to surge to nearly $14 trillion by 2028, this partnership will allow Visa’s issuing banks to offer Extend’s capabilities to their clients. Extend CEO Andrew Jamison highlighted the importance of this relationship in delivering effective payment solutions without disrupting existing banking preferences.
Thunes Secures $150M Series D Funding Led by Apis and Vitruvian Partners to Revolutionize Global Payments in FinTech
Thunes, a Singapore-based fintech, has raised $150 million in its Series D funding, marking its largest capital infusion to date. Led by Apis Partners and Vitruvian Partners, this funding will bolster Thunes’ operations and global reach. The company’s Direct Global Network supports real-time payments in over 130 countries and connects to 7 billion mobile wallets and bank accounts. With plans to expand into the U.S. and enhance its network, CEO Floris de Kort emphasized the importance of sustainable growth. Thunes aims to set new standards in the global payments industry, serving emerging markets and driving technological innovations.